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QUESTION

The RTR corporation will pay a dividend of 3.40 one year from today. Its required rate of return is 13%, and the market expects RTR's dividend to...

The RTR corporation will pay a dividend of 3.40 one year from today. Its required rate of return is 13%, and the market expects RTR's dividend to grow at 3% forever. TS's stock should sell for _________.

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